Kariba Creative Media Limited - Accounts to registrar (filleted) - small 22.3

Kariba Creative Media Limited - Accounts to registrar (filleted) - small 22.3

KARIBA CREATIVE MEDIA LTD - Company Information

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IRIS Accounts Production v22.4.0.132 05329436 director 1.2.22 31.1.23 31.1.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053294362022-01-31053294362023-01-31053294362022-02-012023-01-31053294362021-01-31053294362021-02-012022-01-31053294362022-01-3105329436ns16:EnglandWales2022-02-012023-01-3105329436ns15:PoundSterling2022-02-012023-01-3105329436ns11:Director12022-02-012023-01-3105329436ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3105329436ns11:SmallEntities2022-02-012023-01-3105329436ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3105329436ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3105329436ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3105329436ns11:FullAccounts2022-02-012023-01-310532943612022-02-012023-01-3105329436ns11:CompanySecretary12022-02-012023-01-3105329436ns11:RegisteredOffice2022-02-012023-01-3105329436ns6:CurrentFinancialInstruments2023-01-3105329436ns6:CurrentFinancialInstruments2022-01-3105329436ns6:Non-currentFinancialInstruments2023-01-3105329436ns6:Non-currentFinancialInstruments2022-01-3105329436ns6:ShareCapital2023-01-3105329436ns6:ShareCapital2022-01-3105329436ns6:RetainedEarningsAccumulatedLosses2023-01-3105329436ns6:RetainedEarningsAccumulatedLosses2022-01-3105329436ns6:NetGoodwill2022-02-012023-01-3105329436ns6:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3105329436ns6:PlantMachinery2022-02-012023-01-3105329436ns6:NetGoodwill2022-01-3105329436ns6:NetGoodwill2023-01-3105329436ns6:NetGoodwill2022-01-3105329436ns6:PlantMachinery2022-01-3105329436ns6:PlantMachinery2023-01-3105329436ns6:PlantMachinery2022-01-3105329436ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3105329436ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-31
REGISTERED NUMBER: 05329436 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Kariba Creative Media Limited
Kariba Creative Media Limited (Registered number: 05329436)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kariba Creative Media Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: C P Wilson





SECRETARY: Mrs E Campbell





REGISTERED OFFICE: 47 Halstead Road
Harrogate
North Yorkshire
HG2 8BP





REGISTERED NUMBER: 05329436 (England and Wales)





ACCOUNTANTS: A.G.L. Accountancy Services Limited
Flat 2
20 Harlow Moor Drive
Harrogate
North Yorkshire
HG2 0JX
Page 1
Kariba Creative Media Limited (Registered number: 05329436)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,400 39,971
34,400 39,971

CURRENT ASSETS
Stocks 200 200
Debtors 6 38,691 20,502
Cash at bank 30,692 28,846
69,583 49,548
CREDITORS
Amounts falling due within one year 7 24,509 21,641
NET CURRENT ASSETS 45,074 27,907
TOTAL ASSETS LESS CURRENT
LIABILITIES
79,474
67,878

CREDITORS
Amounts falling due after more than one
year
8
23,753
30,031
NET ASSETS 55,721 37,847

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 55,221 37,347
SHAREHOLDERS' FUNDS 55,721 37,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Kariba Creative Media Limited (Registered number: 05329436)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2023 and were signed by:





C P Wilson - Director


The notes form part of these financial statements

Page 3
Kariba Creative Media Limited (Registered number: 05329436)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Kariba Creative Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
Kariba Creative Media Limited (Registered number: 05329436)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 20,000
AMORTISATION
At 1 February 2022
and 31 January 2023 20,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 62,028
DEPRECIATION
At 1 February 2022 22,057
Charge for year 5,571
At 31 January 2023 27,628
NET BOOK VALUE
At 31 January 2023 34,400
At 31 January 2022 39,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 36,191 20,502
Other debtors 2,500 -
38,691 20,502

Page 5 continued...
Kariba Creative Media Limited (Registered number: 05329436)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 5,316 3,888
Trade creditors 1,083 -
Taxation and social security 11,976 12,537
Other creditors 6,134 5,216
24,509 21,641

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors 23,753 30,031

Page 6